Great Falls tribune. [volume] (Great Falls, Mont.) 1887-1890, 1887-06-29
BRIGHT PROSPECTS.
The Wool Trade Begins the Fiscal
Year on Sound Basis.

New York, June 15.-The trade eircu-
lar of William Macnau ghtan's Sons con-
tains much that concerns wool-growers in
general. In that document the firm say
The wool season since June 1886 showed
much industrial depression. Capital and la
Dor alike suffered The season has been the
most unusual and disastrous one upon re-
cord. Never before have prices continued
weak for so long period, ana manu-
facturers so unwilling to buy wool unless
obliged to. Many woolen mills were fre-
uuently closed for short time. Facts
such as these would be expected to cause
some shrinkage in values, and they have,
but owing to the conservative business
policy pursued by all, the wool trade be-
gins a new fiscal year with good prospects
and on sound basis. This depression has
caused but few failures among woolen
manufacturers, which proves their strength
and soundness.
All experienced merchants agree in
saving that the worst has been past, and
that business generally is starting up on
new lease of property which will continue
for some years to come. Wool and wool
ems have stood the trial and come out in
better condition than any other branch OF
business. Under the most adverse cir
cumstances of bad market, we have
handled over three million pounds of wool
during the season, and have yet to hear
consignor say that we have not worked
faithfully in his interests and to his salts
faction.
The New York market to-day has avery
small supply of desirable wools, viz:
sound, full staple, good condition, fine
and medium grades. The general tone OF
the market during the past two months
has been firmer, although sales have been
restricted, owing to the very small supply
of desirable woods, and while there has
been no advance in values, the indication
is good one.
MEDIUM IN ACTIVE DEMAND.
Boston, June 17.-Denny, Rice s. Co.
say that the market has, according to the
sales, been apparently more active, but that
is incorrect, for the heavy transactions in
foreign carpet woods make up the total,
which would otherwise be small tc repre-
sent the dullness which has surely pre-
vailed.
The leading features have been the con-
tinued excitement in the country, com
pelling some houses to withdraw their
buyers, and an active demand for medium
woods, particularly B supers.
Telegrams from st. Louis, Chicago and
Indiana quote medium wools at 1c off, but
they are still too high for any dealer to
to buy, although at this decline it is
claimed they can be laid down for less
than similar woods are offered at here. 1t
is believed that this weakness will be more
OF less reflected elsewhere in the west and
is due to the break in wheat.
Montana woods are expected to arrive in
Boston about the Doth, but the bulk of the
clip will not be in until the middle of
July.
The selling prices in cents per pound,
tor Montana wool, now and year ago are
as follows:
Montana fine 81 to %; 1886, 81 TO %.
Montana fine medium, 90 to 25; 1885,
81 to %.
Montana medium, "a to 25; 1886, 81 to
%.
The total receipts since January 1, 1887,
comprise 130,914 bags domestic and 80, 1O4 |
bales foreign, against 110,255 bags do
mestic and 4s,028 bales of foreign for the |
corresponding period of 1886.
The sales for the week comprise 2,275,- |
700 lbs of domestic fleece and pulled, and |
1 1869, 900 lbs of foreign, making the weeks
transactions foot up :, 3,544,700 lbs, against |
2,157,40O and 2,186,400 lbs for the two
previous weeks transactions.